What is the proper term for an inspection of a home before purchase?

The term "pre-purchase inspection" refers to a detailed examination of a property before the sale is finalized. This inspection is conducted to identify any potential issues or concerns that may affect the property's condition and its value. It typically includes a thorough assessment of the structural integrity, electrical systems, plumbing, roof, HVAC, and other essential components of the home.

A pre-purchase inspection is crucial for buyers as it helps them make well-informed decisions and potentially negotiate repairs or price adjustments with the seller based on the inspector’s findings. This step is vital in the home-buying process because it protects the buyer’s investment by uncovering any hidden problems that may not be apparent during initial showings.

Home appraisals, while important, serve a different purpose as they provide an estimate of a property's market value rather than a condition assessment. Similarly, a final walkthrough happens after the inspection and is primarily for verifying that the property is in the expected condition before closing. Property evaluation can refer to various assessments and does not specifically denote the inspection aspect that is focused on structural and operational integrity.